Sinpas plans to grow its sales with the help of two new
projects in Ankara and Istanbul, as well as five on-going ones,
Ozturk said at a news conference in Istanbul today.

The Turkish real estate market will expand between 5
percent and 7 percent in 2012, with residential prices rising
about 10 percent, Ozturk said in an interview after the news
conference.

”The market will not grow as much as last year in 2012,
but I still expect positive growth,” he said. ”There’s
slightly more demand than supply at the moment, with some small
players having to pull out of a very competitive market.”